6. A company purchased a new equipment for $50,000. It is expected to last 14 years and has an estimated salvage value of $8,000. Solve the depreciation charge on the equipment and its book value for...

Extracted text: 6. A company purchased a new equipment for $50,000. It is expected to last 14 years and has an estimated salvage value of $8,000. Solve the depreciation charge on the equipment and its book value for the 3rd year of its life using SOYD method of computing depreciation. Tabulate the annual depreciation amounts and the book value of the equipment at the end of each year.